There is growing institutional demand for bitcoin yield.
BTCRB options are fully-collateralized, cash-settled binary options that expire each trading hour.
These new contracts will be the first CME crypto options to be financially settled.
The bitcoin infrastructure provider is launching two investment funds in Q1 2025.
The digital asset custodian said this is a landmark for a bank-built, regulated business.
Investors increasingly seek crypto exposure through exchange-listed wrappers.
Contracts will be based on the Cboe Bitcoin US ETF Index, the first US spot Bitcoin ETF index.
Nasdaq was the only exchange to trade options on IBIT, the first Bitcoin ETP to have listed options.
The options could start trading on 20 November 2024.
